STAMFORD, CT, June 12,
2023 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or
the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar
project developer, owner, and operator, today announced that it has
entered into an agreement to sell a portfolio of 6 rooftop
distributed generation (DG) projects located in Henan province, totaling 29 MW, to CNNP Rich
Energy Co., Ltd., a prominent leader in the China renewable energy sector.
Yumin Liu, CEO of Emeren Group,
commented, "The sale of this solar asset is part of our new
strategy in China's thriving solar
market, focusing on five coastal provinces with favorable power
prices and a robust economy. In addition, this sale will
significantly strength our balance sheet."
About Emeren Group Ltd
Emeren Group Ltd (NYSE: SOL) is a leading global solar project
developer, owner, and operator with a pipeline of projects and IPP
assets totaling over 3 GW, as well as a storage pipeline of over 6
GWh across Europe, North America, and Asia. The Company focuses on solar power
project development, construction management and project financing
services with local professional teams across multiple countries.
For more information, go to www.emeren.com.
About CNNP Rich Energy Co., Ltd.
CNNP Rich Energy Co., Ltd. operates as a development,
construction, and operation platform of its parent company China
National Nuclear Power Company, focusing on the R&D of
non-nuclear clean energy such as wind power, solar power, biomass
power, tidal power, and thermal power.
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SOURCE Emeren Group Ltd